Paytm has bought an undisclosed stake in Urja Money Private Limited which evaluates the creditworthiness of people seeking loans to buy two-wheelers.
Paytm will use Urja’s proprietary CreditMate technology to create a loan management system in collaboration with lending partners.
Mumbai-based Urja, incorporated in July 2016, has partnerships with banks and non-banking entities on the supply side and auto-dealers on the demand side.
The company raised $500,000 from India Quotient last November.
Telugu would be implemented as a compulsory subject from the first standard to Intermediate, including in the CBSE and ICSE schools, from the next academic year in Telangana.
Deputy Chief Minister K. Srihari, who also holds Education portfolio, reviewed the steps to be taken before the commencement of the 2018-19 academic year in tune with the decision already taken by Chief Minister K. Chandrasekhar Rao.
The Union Cabinet chaired by Prime Minister Narendra Modi approved India's Membership for European Bank for Reconstruction & Development (EBRD).
The Membership of the EBRD would enhance India's international profile and promote its economic interests and contribute to an improved investment climate in the country.
It would increase the scope of cooperation between India and EBRD through co-financing opportunities in manufacturing, services, Information Technology, and Energy.
Rajasthan’s Higher and Technical Education Minister Kiran Maheshwari launched ‘Dishari’, an educational mobile application that provides free study materials for youths preparing for competitive examinations.Dishari:
The app features interactive quizzes with questions related to mathematics, general knowledge, current affairs, computers, reasoning, and economics.
It provides latest updates and job alerts. Kiran Maheshwari said the app would be of great benefit to the students who cannot afford massive sums of money to join coaching centers.
Kiran Maheshwari also launched ‘Management Information System’ app for geo-tagging all the government colleges of the state.
The app will also provide the current RUSA (Rashtriya Uchchatar Shiksha Abhiyan) and NAAC (National Assessment and Accreditation Council) statuses of the colleges.
Messaging app Hike announced that it has entered into a tie-up with Airtel Payments Bank for its mobile wallet product.
wing to this tie-up, users of Hike messenger will now have access to Airtel Payments Bank’s vast product line including merchant and utility payments.
From Airtel Payments Bank’s perspective, this tie-up will be beneficial as it will get access to over 100 million users on Hike.
Hike Messenger, which is backed by SoftBank, registered 30 percent month-on-month growth for its wallet service.
For the month of November 2017, management of Hike Messenger is expecting to register 5 million transactions which would include services like recharge and peer to peer transactions.
During the International Fraud Awareness week (12 – 18 November 2017), Axis Bank in association with Mumbai Police has launched its latest campaign #MuhPeTaala to promote safe banking.
The main aim of this campaign is to raise awareness about how to keep oneself safe from falling prey to fraudulent calls asking information such as pin code, CVV, OTP.
New Development Bank (NDB) floated by BRICS nations approved two infrastructure and sustainable development projects in India and Russia with loans of $400 million.
These projects are in line with NDB’s primary objective to provide financial support for infrastructure and sustainable development in Brazil, Russia, India, China and South Africa (BRICS).
NDB approved total seven projects worth $1.5 billion.
Manipur hosted the first- ever North East Development Summit (NEDS) 2017 in Imphal on21st and 22nd November 2017.
NEDS 2017 was jointly organized by Manipur State Government in collaboration with Union Commerce Ministry and India Foundation.
The main Objective of this summit was to showcase the economic potential and to attract investments in food processing, bamboo industry, real estate and other businesses within the state.
During the course of this Summit, around 20 Memorandum of Understandings (MoUs) were signed between various Departments of Manipur State Government and National and International Companies/Investors.
The Union Cabinet approved the setting up of the 15th Finance Commission which will assess the tax resources of the nation and suggest a formula for their devolution among states.
Its recommendations will have to be in place before April 1, 2020, it takes 2 years for Finance Commission to give its recommendations.
As per Article 280 of the Constitution, the Commission is required to make recommendations on the distribution of the net proceeds of taxes between the Centre and the States.
Social networking giant Facebook stated that it expects to train about five lakh people in India on digital skills by 2020 and has unveiled two programmes designed for individuals and start-ups.
The two programmes - Facebook Digital Training and Facebook Startup Training Hubs - are being rolled out in India before any other country.
Apart from these two, Facebook also runs offline training programmes as well as Blueprint (free online training for advertising on Facebook).
The Global Conference on Cyber Space will begin in New Delhi.
Prime Minister Narendra Modi will inaugurate the two-day mega event. For the first time, the event is being organized in India.
The theme of the conference is Cyber for All: A Secure and Inclusive Cyberspace for Sustainable Development.
The story of Digital India and Digital Inclusion of citizens will be discussed in the conference.
Over 10 thousand delegates will take part in the conference in person. There will also be virtual participation from over 2800 locations across the world that will be connected in an interactive mode.
Current Affairs: The Union Ministry of Health and Family Welfare observed Vasectomy Fortnight to raise awareness about male sterilization and to promote the participated of men in family planning.
Under this awareness campaign, all states and union territories observed Vasectomy Fortnight by providing quality of male sterilization services by providing quality of male sterilization services at public health facilities.
The Vasectomy fortnight will be observed up to block level with a focus on family planning service delivery along with information, education, communication, and advocacy.
The theme for this is “Zimmedar Purush ki yehi hai Pehchan, Parivar Niyojan mein jo de Yogdaan”.
Brahmos, the world’s fastest supersonic cruise missile created history after it was successfully flight-tested first time from the Indian Air Force’s (IAF) frontline fighter aircraft Sukhoi-30MKI against a sea-based target in the Bay of Bengal.
The successful maiden test firing of Brahmos Air Launched Cruise Missile (ALCM) from Su-30MKI will significantly bolster the IAF’s air combat operations capability from stand-off ranges.
India's mission to the Sun will be launched in 2019 from Sriharikota in Andhra Pradesh.
The main aim of the solar mission is to improve our understanding of dynamical processes of the sun and help resolve some outstanding questions in solar physics.
The satellite carrying six payloads will be launched from Sriharikota in Andhra Pradesh on the PSLV- XL launch vehicle.
It will be launched into the halo orbit around the Lagrangian point 1 (L1) of the Sun-Earth system.
The second edition of India’s moon mission, Chandrayaan II is scheduled for launch in March 2018.
The space agency is aiming to double its satellite launches next year from the current eight to nine annually to 20 every year.
Andhra Bank launched a new scheme for self-help groups (SHGs) to encourage entrepreneurship.
The scheme, Pattabhi Sitaramayya — Self Business Group (PS-SBG) has been introduced to commemorate the 138th birth anniversary of its founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme in the country.
Under the scheme, SHGs having five years of association with Andhra Bank and having successfully completed three credit rotations with good repayment record and an aptitude for entrepreneurship will be eligible for a loan.
A two-day conference of all Commanders of Eastern Air Command commenced at Shillong in Meghalaya, where issues pertaining to security are being discussed.
Chief of the Air Staff Air Chief Marshal B S Dhanoa interacted with the Commanders and exhorted them to put in efforts to upgrade the operational infrastructure and capability of eastern zone.
Indian women Boxers started their campaign on a winning note in the opening bouts at the AIBA Women's Youth World Boxing Championships at Guwahati after Astha Pahwa entered quarterfinals while Shashi Chopra made the last-16 stage.
She beat Bulgaria’s Melis Yonuzova in the opening round of 69 kg Category to reach the quarterfinal.
The Balkan Youth International Championship gold-medallist, Shashi will next face the Chinese Taipei's Lin Li Wei-Yi, who got a first-round bye in the tournament.
India and Russia have joined their hands and signed a pact for giving visa-free entry to the crew members of chartered and scheduled flights in both the nations.
The agreement will facilitate visa-free entry, stay and exit of the crew of aircraft of the designated airlines as well as other aircraft companies operating chartered and scheduled flights in the respective territories on a reciprocal basis. This ease has made the relationship between the two nations more concrete.
The Visa requirements for crew members are administrative entry restrictions imposed by the countries for the pilot or a member of the crew during a transit.
The crew visas are associated with the request for permission to enter a country for a short duration and perform the predefined duties in the given areas, distinct from actual formal permission for an alien to enter and remain in the country.
The Combining effect production of all types of fisheries (capture and culture), the total fish production reached about 11.41 million tonnes in 2016-17.
India has become the second largest fish producing country in the world, Union Agriculture Minister Radha Mohan Singh stated while addressing a conference on the occasion of World Fisheries Day in New Delhi.
The scheme 'Blue Revolution' has been launched with the outlay of Rs. 300 crore for the integrated development of the Fisheries sector in the country.
As a result, overall fish production has registered an increase of about 18.86% in comparison to the last three years, whereas inland fish production has registered a growth of more than 26%.
Union Minister of Health and Family Welfare, J P Nadda inaugurated the 1st World Conference on Access to Medical Products and International Laws for Trade and Health in the Context of the 2030 Agenda for Sustainable Development, in New Delhi.
The Conference is being organized by the Ministry of Health & Family Welfare with the support of WHO Country Office for India and in partnership with Indian Society of International Law.
The objective of the Conference is to exchange knowledge and expand understanding on contemporary issues in international trade laws and research and innovation for access to medical products to achieve Sustainable Development Goals (SDG) 2030 agenda.
Tencent becomes the first Chinese company to be valued at more than $500 billion in Asia.
The Shares of the 19-year-old company, which is listed on the Hong Kong Stock Exchange, rallied to reach HK $418.80 to give it a market cap of HK$3.99 trillion which takes past the $500 billion mark.
Alibaba is Asia’s second-highest-valued firm at $474 billion.
India ranked 51st among 63 countries on the IMD Talent Rankings in terms of ability to attract, develop and retain talent.
The annual IMD World Talent Ranking covers 63 countries and assessed methods countries adopted to attract and retain talent.
Switzerland topped list followed by Denmark, Belgium, Austria, Finland, Netherlands, Norway, Germany, Sweden and Luxembourg in top 10.
Globally, Europe continues to dominate rankings being most competitive countries. Leading Asian economies in rankings are Singapore, Hong Kong and Taiwan.
Current Affairs President Ram Nath Kovind reached Imphal to inaugurate the Manipur Sangai Festival, 2017 this afternoon. He was accorded a warm welcome at the Imphal Airport by State Chief Minister Nongthombam Biren Singh and his cabinet colleagues.
The 10-day state festival will be opened today at the Bhagyachandra Open Air Theatre at Palace Compound in Imphal.
He will open a two-day North-East Development Summit at the City Convention Centre in Imphal.
Around 20 memorandums of understanding(MoU) will be signed with investor companies during the Summit to attract investment in the State to generate employment avenues for the unemployed educated youths of the State.
The Indian Panorama, the most sought-after section of the International Film Festival of India, IFFI, was inaugurated at Panaji in Goa by noted actress Sridevi.
Around 6 feature films and 16 non-feature films selected from different languages and regions will be screened in the Indian Panorama section.
Vinod Kapri-directed Hindi film 'Pihu' was the opening movie in the feature film category, while 'Pushkar Puran' by Kamal Swaroop opened the non-feature film category.
They included Sudhir Mishra, Rahul Rawail, Ruchi Narain, Nishikant Kamat, Nikhil Advani and KG Suresh.
Filmmakers whose movies are being screened in the prestigious Indian Panorama section were also felicitated.
Maharashtra government set to constitute ‘Gender Budget Cells’ for facilitating the coordination amongst other departments.
Maharashtra Finance Minister Sudhir Mungantiwar announced the setting up of Gender Budget Cells.
The inter-departmental committee would be set up among the concerned department to ensure better effective implementation of various schemes.
Further Mungantiwar said that a nodal officer would be appointed in each administrative department to monitor the implementation of the schemes of WCD.
Besides, evaluating quality improvement, the culture of evaluation should also take root in the administration.” Sources in the department said that at least 30% of allocations in various schemes of WCD like animal husbandry are earmarked for women.
India and the World Bank signed a $98 million loan pact and a $2 million grant agreement to help the country increase power generation capacity through cleaner, renewable energy sources.
The Shared Infrastructure for Solar Parks Project will finance Indian Renewable Energy Development Agency Limited(IREDA), to provide sub-loans to states to invest in various solar parks.
The first two solar parks are in the Rewa and Mandsaur districts of Madhya Pradesh, with targeted installed capacities of 750 MW and 250 MW respectively.
India’s nominee to the International Court of Justice (ICJ) Dalveer Bhandari was re-elected to the fifth and the last seat of the world court after Britain withdrew its candidate from the election.
Mr. Bhandari received 183-193 votes in the General Assembly and secured all the 15 votes in the Security Council after separate and simultaneous elections were held at the UN headquarters in New York.
The World Fisheries day is celebrated every year on November 21 throughout the world by fisherfolk communities to highlight the critical importance to human beings.
The Fish forms an important part of diets of people around the world, particularly those living near rivers, coasts and other water bodies.
In India, Department of Animal Husbandry, Dairying & Fisheries, Ministry of Agriculture & Farmers Welfare is celebrating the day.
Acclaimed South African Indian-origin AIDS researcher Professor Quarraisha Abdool Karim appointed as a UNAIDS Special Ambassador for Adolescents and HIV.
Professor Abdool Karim is one of the world's leading AIDS researchers and has made pioneering contributions to understanding the HIV epidemic among young people, especially among young women.
On 21st November 1997, the working fishermen and women representing World Forum of Fish Harvesters & Fish Workers from 18 countries met at New Delhi and established the World Fisheries Forum (WFF) advocating for a global mandate of sustainable fishing practices and policies.
To commemorate this occasion, every year 21st November is celebrated all over the world as World Fisheries Day.
Shri Radha Mohan Singh, Union Minister for Agriculture & Farmers Welfare inaugurated the World Fisheries Day Celebrations.
This year’s theme is “2022 Ka Hai Sapna … Kisan Ki Aay Ho Dugna - Sankalp Se Siddhi”.
The first India-Myanmar Bilateral Military Exercise 2017 (IMBAX 2017) was held at Joint Warfare Centre at the Umroi Joint Training Node in Meghalaya.
It is first of its kind military training exercise between India and Myanmar on United Nations Peacekeeping Operations (UNPKO).
It was conducted by Army’s RED HORNS DIVISION under the aegis of GAJRAJ CORPS.
The six-day training exercise aimed at building and promoting closer relations with armies of the neighboring countries.
It aims to train officers of Myanmar Army in various United Nations Peacekeeping roles and tasks.
On the 2nd Anniversary of Ujwal DISCOM Assurance Yojana (UDAY), the Government of India signed four MoUs under the Scheme with the State of Nagaland and with Union Territories (UTs) of Andaman & Nicobar Islands, Dadra & Nagar Haveli & Daman & Diu for operational improvements.
An overall net benefit of approximately Rs. 551 crores, Rs. 18 crores, Rs. 13 crores and Rs. 10 crores respectively would accrue to the State of Nagaland & UT of Andaman & Nicobar, Dadra & Nagar Haveli and Daman & Diu.
Popular Bengali writer Nabaneeta Dev Sen declared as winner in ‘Author in the Bengali language’ category at the second edition of Big Little Book Award.
The Big Little Book Award honors authors and illustrators who have contributed to children’s literature that are global in appeal and contextual in nature.
The award has been instituted under Parag initiative of Tata Trusts to promote children’s literature.
The chief of Parag Initiative is Swaha Sahoo.
She is a recipient of the Sahitya Academy Award and the Bharatiya Bhasha Parishad Award.
She has been writing for children as well as general readers for the past three decades.
Indian Government decided to cancel a $500 million deal for procuring Spike ATGM (Anti-Tank Guided Missile) from Israel.
The $500 million deal to procure Spike ATGM form Rafael Advanced Defence Systems of Israel was expected to be signed after price negotiations completed last year.
Union Defence Minister, Nirmala Sitharaman wants that Man-Portable Anti-Tank Guided Missile (MPATGM) for the Indian Army should be indigenously developed and build by DRDO.
The world’s biggest toilet pot model was unveiled at Marora, popularly known as the “Trump village”, in Haryana.
On the World Toilet Day (November 19), a mega toilet pot made up of iron, fiber, wood, and plaster of Paris, measuring 20×10 feet was unveiled at Marora, in an aim to create awareness towards sanitation and use of toilets.
Apart from inaugurating individual toilets, two books on the use of toilets and sanitation were also released.
The main Purpose is to promote human rights, environmental sanitation, non-conventional sources of energy, waste management and social reforms through education.
The Union Government signed a guarantee agreement for IBRD/CTF loan of US $98 million and Grant Agreement for the US $2 million for Shared Infrastructure.
The objective Shared Infrastructure for Solar Parks Project is to increase solar generation capacity through the establishment of large-scale parks in the country.
The project consists of two components viz. (i) Shared Infrastructure for Solar Parks and (ii) Technical Assistance.
Current Affairs: According to the Markets regulator SEBI, Anand Rajeshwar Baiwar has taken charge as an executive director.
An Indian Revenue Service (IRS) officer of the 1990 batch, Baiwar assumed office on November 16.
The Other executive directors are P K Nagpal, S Ravindran, S V Murali Dhar Rao, S K Mohanty and Ananta Barua.
Former Prime Minister Manmohan Singh (85) was selected Indira Gandhi Prize for peace, disarmament, and development for his leadership of the country.
He was unanimously chosen for the award by an international jury chaired by former President Pranab Mukherjee.
The prestigious award accorded annually by Indira Gandhi Trust since 1986. It has been named after former prime minister Indira Gandhi.
The Women's Youth World Boxing Championship begins in Guwahati, Assam.
The Three young boxers will lock horn in the preliminaries. In 54 kilogram category,
Shashi Chopra will play in 60 kg category, Mizoram's Vanlalhriapuii will bout against Korean player and Astha Pahwa will take on opponent from Bulgaria in 69 kg.
Assam Chief Minister Sarbanand Sonowal inaugurated the event.
The finals will be held on November 26.
Interim Meeting of Steering Committee of International Monetary Fund (IMF)’s South Asia Regional Training and Technical Assistance Centre (SARTTAC) was held in New Delhi.
The Officials from all Six SARTTAC Member countries attended the meeting together with Development Partner representatives the European Union, the United Kingdom joined the meeting.
The Ministry of Health & Family Welfare launched Daily Drug Regimen for treatment of Tuberculosis (TB) patients across the country under The Revis.
Under it, Health Ministry is providing a thrice-weekly regimen for treatment of TB, however, it has now decided to change treatment strategy for TB patients.
TB is a bacterial disease caused by Mycobacterium tuberculosis bacteria that most often affect lungs. The disease is spread from person to person through the air.
India’s Manushi Chhillar (20) was crowned coveted Miss World crown for the year 2017.
The win comes 17 years after Priyanka Chopra brought home.
The winner of 2016 title, Puerto Rico’s Stephanie Del Valle passed on her crown to Ms Chhillar at a grand event held in Sanya in China.
She is sixth Indian woman to win the coveted title of Miss World. Reita Faria was first Indian woman to claim title back in 1966, followed by Aishwariya Rai.
The Union Cabinet Affairs approved setting up of National Anti-Profiteering Authority (NAA), an apex body with an overarching mandate under Goods and Services.
It also approved the creation of posts of Chairman and Technical Members of National Anti-profiteering Authority (NAA) under GST regime.
The NAA is tasked with ensuring full benefits of reduction in tax on supply of goods or services flow to consumers. It is responsible for applying antiprofiteering measures in event of reduction GST rate on the supply of goods or services or if the benefit of input tax credit is not passed on to recipients.
The government of Assam inaugurated its first air ambulance of the state. It will operate from Guwahati airport.
The air ambulance is equipped with all emergency medical equipment and medical team to take care of patients onboard. Unveiling the service, Patowary hoped that the air ambulance service would usher in a new era of healthcare for the patients of Assam and Northeast.
Delhi-based Flaps Aviation Private Limited will operate its air ambulance service from Guwahati with “Book Air Ambulance” as its brand.
The aim is to expand this facility to the capitals of all states.
India’s leading car companies Toyota and Suzuki have joined their hands to make an electric car for our country.
Both the companies have signed a memorandum of understanding which will see both companies working together for introducing electric vehicles (EVs) in the Indian market by around 2020.
Suzuki is to produce Electronic Vehicle (EVs) for the Indian market and will supply some to Toyota, while Toyota is to provide technical support. Additionally, Toyota and Suzuki intend to conduct a comprehensive study of activities for the widespread acceptance and popular use of EVs in India.
The companies will also undertake a comprehensive study of activities for widespread acceptance and use of electric vehicles in India.
These activities will include setting up of charging infrastructure, training of personnel for after-sales service and systems for appropriate treatment of end-of-life batteries.
Tourism sector of India continues to flourish immensely. Notably, Foreign Exchange Earnings (FEEs) during the month of October 2017 was Rs.14,354 crore as compared to Rs.12,100 crore in October 2016 and Rs.10,549 crore in October 2015.
The Foreign Tourist Arrivals (FTA) have registered whopping growth of 18.1% in October 2017 in the country.
The FEEs during the month of October 2017 were Rs.14,354 crore as compared to Rs.12,100 crore in October 2016 and Rs.10,549 crore in October 2015.
Andhra Pradesh soon to get a Centre of Excellence in Space Sciences and Technologies. CANEUS International, a Canadian organization, will establish a Centre of Excellence on Space Sciences and Technologies for Development at Hindupur.
The Coming up on 60 acres in Hindupur town of Anantapur district, the facility will create opportunities for 500 highly skilled direct jobs and over 1,000 indirect jobs.
A MoU was signed by the Andhra Pradesh government with CANEUS International. A tripartite agreement for setting up the facility was signed with the Andhra Pradesh Economic Development Board (APEDB) and the Andhra Pradesh State Skills Development Corporation (APSSDC).
It is is a unique non-profit organization of professionals involving public-private partnership, serving the needs of aeronautics, space and defence communities by fostering the coordinated, international development of micro-nano technologies for aerospace and defence applications.
Andhra Agtech Summit was underway when the Microsoft Corporation Co-Founder Bill Gates praised Andhra Pradesh for using technology to help farmers.
Better seeds, improved livestock breeds, access to markets and tech-based Agri services could hold the key for improving a lot of smallholder farmers and dairy farmers.
Around More than half of India’s population engaged in agriculture, and three-fourths of rural women are engaged in agriculture. Apart from gender equality, research has shown that having more women also increases production by 20 to 30%,
The Government had received 259 innovative ideas during the three-day Agtech summit in Visakhapatnam.
India faces challenges of population, malnutrition and climate change. In AP, you have a great believer (Naidu) in smart technology.
It is a pivotal moment for the state, and agricultural transformation here can be a model for India.
Private sector lender Yes Bank signed an MoU with Innovation Centre Denmark India (ICDK India), a partnership between the Ministry of Foreign Affairs of Denmark and the Danish Ministry of Higher Education and Science to bring fintech innovations and startups from Denmark to India, and facilitate entry of Indian startups to the region.
The partnership aims to build bridges to promote innovation and assist fintech companies in India and Denmark to expand into each other’s markets.
The Union Government has given the go-ahead for setting up India’s first mega coastal economic zone (CEZ) at the Jawaharlal Nehru Port in Maharashtra as part of a plan to develop 14 such industrial clusters to spur manufacturing and generate jobs.
About 45 companies across telecom, auto and IT sectors will soon bid for 200 hectares of land to set up manufacturing units in the zone.
The plan envisages a total investment of Rs 15,000 crore in the first phase and creation of more than 1.5 lakh jobs.